Commerce and Economy

The World Bank has said that Nepal’s economic growth has rebounded strongly and has reached 7.5 % in the fiscal year 2017. This is the highest economic growth rate in the country since 1994. The World Bank has said that the best monsoons in recent years; increased availability of electricity; …

Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation. The bank is providing the support to the students of Tribhuwan University (TU). The bank and the administration department of TU signed a memorandum of understanding regarding …

Ncell has received prestigious Telecom Asia Awards 2017 for implementing Most Innovative Telecom Project in Asia Pacific. Issuing a press statement, the company informed that Ncell was declared winner and conferred with the Awards after independent panel of jury judged Ncell’s initiative with Gham Power Nepal Pvt Ltd to connect …

Nepal Telecommunications Authority (NTA) has granted go-ahead to Ncell, the largest private ICT service provider company in the country, for offering 4G service on Wednesday. According to sources, the board meeting of the NTA held on Wednesday made a decision to that effect. Last week, Development Committee (DC) under the …

Agni Motoinc, the sole authorized distributor of Mahindra two-wheelers for Nepal under Agni Group has opened a new showroom ‘Om Tridev Suppliers’ in Lahan, Siraha. Issuing a press statement, the company said that the new showroom has been opened with an aim of extending accessibility of its quality services to …

Citizens Bank International has made a bancassurance pact with Surya Life Insurance. Rajan Singh Bhandari, CEO of Citizens Bank and Shiva Nath Pandey, CEO of Surya Life signed the agreement paper regarding the matter amid a program. After the agreement, the customers of the bank can easily buy insurance policy, …

Sunrise Bank Ltd has started providing branchless banking service at three different places of Illam and Sunsari district. Issuing a statement, the bank said that the branchless units have been opened with an aim to expand banking service in rural parts of the country. “Customers can use the branchless banking …

Madhya Bhotekoshi Hydropower Company Ltd (MBHCL) has appointed Global IME Capital Ltd (GICL) as the issue manager to launch its primary issue. Issuing a statement on Thursday, GICL said that it will work as the issue manager for the public offering of MBHCL. Prabhu Capital Ltd, Civil Capital Market Ltd, …

Himalaya Airlines has started direct flight service between Kathmandu and Dubai from April 28. The maiden flight to Dubai, according to the airlines, was fully occupied. “The inaugural flight departed from Tribhuvan International Airport at 10:40 am and touched down at Dubai World Central-Al Maktoum International Airport at 1:25 pm …

Ncell has said that its prepaid customers can now enjoy credit facility without paying any service charges. Issuing a statement, the company said the offer named ‘Saapati’ will help customers to take loan without paying any service charge, in case of emergency when their main balance is low to use …